Piramal Enterprises sells 10% stake in Shriram Transport Finance

Diversified group Piramal Enterprises Ltd said it has sold its entire direct stake of 9.96% in Shriram Transport Finance Co Ltd via the stock exchanges. The move comes at a time when non-banking finance companies find the going tough due to a slow down in credit flow to the industry. The company did not reveal […]

Cartrade.com to buy majority stake in Shriram Automall for Rs 156 cr

Shriram Transport Finance Company said it has decided to sell a majority stake in its vehicle auction company Shriram Automall to Cartrade.com to create what it called India’s leading used vehicle platform. CarTrade, owned by MXC Solutions India, will acquire majority stake in Shriram Automall India Limited (SAMIL), India‚Äôs offline auction platform for pre-owned vehicles […]

Orient Green Power sells biomass units; sees the wind turning

Orient Green Power Co, the renewable arm of the Shriram Group, said it has sold much of it biomass power generation business to a unit of its promoter and that its wind power business is benefiting from higher offtake by the Tamil Nadu power distribution company. The company had around 96 megawatts (MW) of biomass […]